EmailWire.Com (Free subscription) | 14/11/2008
(EMAILWIRE.COM, November 14, 2008 ) FAIRLESS HILLS, Pa. -- Nov. 14, 2008 -- Bankruptcy Creditors' Service, Inc., published Issue No. 89 of REFCO BANKRUPTCY NEWS today. The 8-page newsletter contains stories with these headlines: [01319] REFCO COMMODITY MANAGEMENT PLAN EFFECTIVE ON OCTOBER...
White Collar Crime Prof Blog (Free subscription) | 04/11/2008
This is a must-read article detailing the story of a senior partner from Mayer Brown facing criminal charges related to his representation of Refco. See Susan Beck, The American Lawyer, Mayer Brown and Weil, Gotshal had close ties to Refco,...
NakedShorts (Free subscription) | 07/11/2008
The American Lawyer has a long piece focusing on the tribulations and impending trial of Joseph P. Collins, the Mayer Brown partner and long-time Refco crime syndicate outside consigliere now facing an 11-count indictment involving multiple appearances of the word...
NakedShorts (Free subscription) | 07/11/2008
Futures brokerage R.J. O’Brien announced that it had hired Joe Murphy, a “fixture in the industry” to “further cement our position as a leader in the futures industry” blah blah blah. To its everlasting credit, RJO’s press release did get round to mentioning, in the sixth para, Murphy’s tenure with the Refco crime syndicate. As is the way of these things, however, the disclosure was less than...
Florida Sun Sentinel (Free subscription) | 4 hours ago
... unit for the U.S. Attorney's Office in Manhattan, led the recent prosecution of top executives at Refco Inc., one of the world's largest commodities brokerages, which collapsed in an accounting scandal in 2005. In his early years in the office, he also prosecuted a Hong Kong man who tried to fake his death in the Sept. 11 attacks to avoid facing charges in a passport fraud case.White House...
Law Blog (Free subscription) | 17/11/2008
... and was previously involved in the prosecution of former executives at collapsed financial firm Refco Inc., as well as international drug traffickers. WaPo said Barofsky, a Miami native, contributed $200 to the Obama campaign. He worked at Weil Gotshal and Morvillo Abramowitz before becoming an assistant U.S. attorney in 2000.
www.delawarelitigation.com (Free subscription) | 17/11/2008
In Cargill, Inc. v. JWH Special Circumstance, LLC , (Del. Ch., Nov. 7, 2008), read opinion here , the Delaware Chancery Court issued a 68-page decision involving a Delaware statutory trust (formerly referred to as a business trust), and found that common law fiduciary duties would apply to a trustee as a "default rule" in light of the agreement among the parties being silent on the issue. Compared...
Seattle Post-Intelligencer (Free subscription) | 15/11/2008
... prosecution of crime on Wall Street.Barofsky, 38, led the recent prosecution of top executives at Refco Inc., one of the world's largest commodities brokerages, which collapsed in an accounting scandal in 2005. Before that, he was lead prosecutor in a major narcotics trafficking case against dozens of leaders in the Revolutionary Armed Forces of Colombia, a leftist guerrilla group.He was...
Star Tribune (Free subscription) | 15/11/2008
Barofsky, 38, led the recent prosecution of top executives at Refco Inc., one of the world's largest commodities brokerages, which collapsed in an accounting scandal in 2005. Before that, he was lead prosecutor in a major narcotics trafficking case against dozens of leaders in the Revolutionary Armed Forces of Colombia, a leftist guerrilla group.
New York Post (Free subscription) | 15/11/2008
... and has "excellent judgment." Barofsky recently led the case against former execs at the Refco brokerage firm, which collapsed in 2005 amid a $2.4 billion accounting fraud. Former CEO Charles Bennett was sentenced to 16 years behind bars, while ex-President Tone Grant got 10 years. A graduate of NYU Law School, Barofsky previously worked at the white-shoe law office of Weil, Gotshal & Manges...
Washington Post (Free subscription) | 15/11/2008
... the $2.4 billion accounting fraud case against former executives of the collapsed financial firm Refco. He also was one of the lead attorneys in the prosecution of 50 Colombian guerrillas, making frequent trips to South America to get what has been described as the largest narcotics indictment ever returned. Friends and former colleagues described Barofsky, a Miami native and die-hard Yankees...
Raw Story (Free subscription) | 14/11/2008
... 2.4 billion dollar accounting-fraud case against former executives of the collapsed financial firm Refco.The nomination comes amid criticism the Bush administration has failed to promptly fill newly created watchdog positions to oversee how bailout funds are paid out.Congress last month approved the bailout proposed by the Bush administration to stem a financial meltdown -- the worst since...
Law Blog (Free subscription) | 10/11/2008
... do in his three years as the SDNY’s head? The office’s successes include white-collar wins in the Refco prosecutions , and the successful prosecutions of corruption cases stemming from the United Nations oil-for-food scandal . (Last week he opted not to bring charges against former New York Gov. Eliot Spitzer.) However, the bungled KPMG case that pitted prosecutors against Judge Lewis Kaplan...
Business Wire (Free subscription) | 03/11/2008
NEW YORK--(BUSINESS WIRE)--This month, Incisive Media’s The American Lawyer reports on the Crash of 2008, with an inside view of partners who worked at
Risk Moment RES (Free subscription) | 27/10/2008
... in the making. Three years ago, Flowers actually competed with MF Global for commodities broker Refco. Flowers was the assumed front-runner. MF Global won “fair and square,” Flowers said sportingly, adding, “we have been following the company since then.”That means they were watching when MF Global suffered through the February scandal that followed one trader who lost . And Flowers could...
